<root>: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
<root>
Largest movements
- Current investments +€100,000
new in 2024: €100,000
- Cash -€57,347
down €57,347 (-52.6%), from €108,930 to €51,583
mainly Current investments (-€100,000) and Other debts (-€17,030)
- Receivables after one year -€27,500
down €27,500 (-73.3%), from €37,500 to €10,000
- Tangible fixed assets -€7,517
down €7,517 (-16.9%), from €44,486 to €36,969
of which Plant, machinery and equipment: -€7,136
- Receivables within one year -€4,561
down €4,561 (-14.1%), from €32,428 to €27,867
of which Trade receivables: -€7,225
- Reserves +€28,896
up €28,896 (+19.0%), from €151,794 to €180,690
- Other debts -€17,030
down €17,030 (-57.8%), from €29,473 to €12,443
- Current portion of long-term debt -€8,530
no longer reported in 2024 (was €8,530)
- Tax, wage and social debts +€3,321
up €3,321 (+44.6%), from €7,449 to €10,771
- Trade debts -€2,595
down €2,595 (-33.6%), from €7,723 to €5,128
- Gross operating margin -€41,525
down €41,525 (-41.4%), from €100,296 to €58,771
- Depreciation -€12,384
down €12,384 (-51.1%), from €24,218 to €11,834
- Taxes -€9,164
down €9,164 (-38.7%), from €23,679 to €14,516
- Other operating charges +€1,078
up €1,078 (+35.3%), from €3,050 to €4,128
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,310 | €229,031 | +€3,721 | +1.7% |
| Fixed assets | 21/28 | €44,486 | €36,969 | -€7,517 | -16.9% |
| Tangible fixed assets | 22/27 | €44,486 | €36,969 | -€7,517 | -16.9% |
| Land and buildings | 22 | €2,796 | €1,489 | -€1,307 | -46.7% |
| Plant, machinery and equipment | 23 | €41,039 | €33,903 | -€7,136 | -17.4% |
| Furniture and vehicles | 24 | €651 | €1,577 | +€926 | +142.2% |
| Current assets | 29/58 | €180,825 | €192,062 | +€11,237 | +6.2% |
| Amounts receivable after more than one year | 29 | €37,500 | €10,000 | -€27,500 | -73.3% |
| Other amounts receivable | 291 | €37,500 | €10,000 | -€27,500 | -73.3% |
| Amounts receivable within one year | 40/41 | €32,428 | €27,867 | -€4,561 | -14.1% |
| Trade receivables | 40 | €24,608 | €17,383 | -€7,225 | -29.4% |
| Other amounts receivable | 41 | €7,821 | €10,484 | +€2,664 | +34.1% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €108,930 | €51,583 | -€57,347 | -52.6% |
| Deferred charges and accrued income | 490/1 | €1,966 | €2,612 | +€646 | +32.8% |
| Total equity and liabilities | 10/49 | €225,310 | €229,031 | +€3,721 | +1.7% |
| Equity | 10/15 | €171,794 | €200,690 | +€28,896 | +16.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €151,794 | €180,690 | +€28,896 | +19.0% |
| Distributable reserves | 133 | €151,794 | €180,690 | +€28,896 | +19.0% |
| Amounts payable | 17/49 | €53,517 | €28,341 | -€25,175 | -47.0% |
| Amounts payable within one year | 42/48 | €53,517 | €28,341 | -€25,175 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €8,530 | - | -€8,530 | |
| Trade debts | 44 | €7,723 | €5,128 | -€2,595 | -33.6% |
| Suppliers | 440/4 | €7,723 | €5,128 | -€2,595 | -33.6% |
| Advances received on contracts in progress | 46 | €342 | - | -€342 | |
| Taxes, remuneration and social security | 45 | €7,449 | €10,771 | +€3,321 | +44.6% |
| Taxes | 450/3 | €7,449 | €10,771 | +€3,321 | +44.6% |
| Other amounts payable | 47/48 | €29,473 | €12,443 | -€17,030 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,218 | €11,834 | -€12,384 | -51.1% |
| Other operating charges | 640/8 | €3,050 | €4,128 | +€1,078 | +35.3% |
| Gross operating margin | 9900 | €100,296 | €58,771 | -€41,525 | -41.4% |
| Operating profit (loss) | 9901 | €73,028 | €42,808 | -€30,219 | -41.4% |
| Financial income | 75/76B | €974 | €890 | -€84 | -8.6% |
| Recurring financial income | 75 | €974 | €890 | -€84 | -8.6% |
| Financial charges | 65/66B | €166 | €287 | +€121 | +72.9% |
| Recurring financial charges | 65 | €166 | €287 | +€121 | +72.9% |
| Profit (loss) for the period before taxes | 9903 | €73,836 | €43,412 | -€30,424 | -41.2% |
| Income taxes | 67/77 | €23,679 | €14,516 | -€9,164 | -38.7% |
| Profit (loss) for the period | 9904 | €50,157 | €28,896 | -€21,261 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,157 | €28,896 | -€21,261 | -42.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.